An individual should trade with parties that have the same opportunity costs for the goods and services produced. An individual should specialize…
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B. An individual should trade with parties that have the same opportunity costs for the goods and services produced. A. An individual should specialize according to comparative advantage. 17. Which one of the following statements is true? A. An individual should specialize according to comparative advantage. B. An individual should trade with parties that have the same opportunity costs for the goods and services produced. C. Comparative advantage exists whenever one person engaging in an activity incurs the same costs as some other individual. D. An individual must be able to produce more of a good or service than someone else before she can have a comparative advantage in the production of that good or service.
